Student Loan Debt and Bankruptcy

Student Loan Debt and Bankruptcy

The reality of a monthly student loan bill can be the harsh price of education. Your current income may not meet the expectations you had in college. And a challenging job market doesn’t help. If student loans are adding to your predicament, bankruptcy may allow you to reorganize your debt.

Dr. Arash Zarrin Bakhsh attorney can help you understand your dischargeable and nondischargeable debt. We will evaluate the terms of any potential bankruptcy and identify burdens that may be lifted.

Contact us or call (310) 597-1330 to learn more about the way bankruptcy would affect your student loan obligations.

A Nondischargable Debt

The federal government goes to great lengths to protect lenders for higher education. This debt is considered nondischargeable and is not likely to be forgiven. A bankruptcy may help you devote more income towards this obligation. But despite the hardship, it is very rare to be released from student loan debt.

Living with Student Loan Debt

There are just a few options available to better handle student loan payments.